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re: One awful mess in the trucking industry currently unfolding

Posted on 12/14/19 at 9:42 pm to
Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
15129 posts
Posted on 12/14/19 at 9:42 pm to
quote:

ok, then I would be on the phone with all the other freight companies who are looking for owner operators.


Lease operators are not the same as owner ops. Lease operators are the dumbest of the dumb - they lease the truck from the company and basically pay the notes and maintenance in return for ownership at the end if they make it that far, and most of the companies have massive baloon payments at the end that most drivers can't afford so the company repos it and sells the used truck. When something like this happens, the driver loses the truck because they do not own it - it belongs to the company. Had they leased it through a 3rd party they could swing over to a new company.

I absolutely loathe the companies that do lease purchase programs because it's a scam. 90% of the time they slow down that drivers productivity when it gets into the last 6 months of the contract so that they can set the truck up to be repoed via the balloon payment. The driver has been paying the notes on the truck, gets screwed out of the truck, then the company gets to sell the truck for $30k in the used markets. They pump these rookies up with the predatory advertising of "Own your own business!" and "The American Dream is yours today with $0 down!". I wish the feds would step in and end this nonsense.
Posted by ExtraGravy
Member since Nov 2018
969 posts
Posted on 12/14/19 at 9:47 pm to
(no message)
This post was edited on 1/3/21 at 8:44 pm
Posted by WhiteMandingo
Member since Jan 2016
7435 posts
Posted on 12/14/19 at 9:50 pm to
A truck driver or a grown adult who dosent have a credit card with a balance to get a ticket home is utterly absurd.
I dont expect them to continue the haul and pay for fuel but folks get laid off everyday. Nut up and live with in your means
Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
15129 posts
Posted on 12/15/19 at 9:13 pm to
quote:

A truck driver or a grown adult who dosent have a credit card with a balance to get a ticket home is utterly absurd.


As i had stated earlier in the thread, a lot of the drivers are working their first jobs - it's not great pay, and in the first few months of working you're having to shell out cash for some expensive stuff like a truck gps, bluetooth headset built for trucks, map books, clothing for the winter, tools, etc. Those were the guys and gals who this hit with their pants down - those are the ones the other people in the industry were trying to help get home. I've heard from a friend that works at one of my company's terminals that we wound up hiring 20-30 of their drivers just this week and more are expected to be offered.
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